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SUMMARY:Comparing nudges and boosts for financial decisions under uncertai
 nty - Matija Franklin 
DTSTART:20190313T150000Z
DTEND:20190313T160000Z
UID:TALK121102@talks.cam.ac.uk
CONTACT:Melisa B
DESCRIPTION:Behavioural interventions that directly influence decision-mak
 ing are increasingly popular policy tools. Two prominent interventions use
 d are nudges\, which promote an optimal choice without restricting options
 \, and boosts\, which promote individual capabilities to make more informe
 d choices. In this study\, we compare the effectiveness of nudges and boos
 ts for financial decisions under uncertainty and delineate the factors tha
 t may improve their effectiveness. Using a US sample we tested a series of
  choices under uncertainty.  Findings indicate effects of nudges and boost
 s generally differ depending on loss and gain framing\, and boosts are typ
 ically more effective for those who initially made suboptimal choices. The
 se insights provide clarity to highly nuanced\, complex patterns across po
 pulation behaviours in the context of financial choice under uncertainty a
 nd considerable implications for the design of interventions for policies 
 that impact population behaviours.\n\nThis research was undertaken by memb
 ers of the Policy Research Group - Tomas Folke\, Kai Ruggeri and Matija Fr
 anklin.\n\n_Matija Franklin is a Behavioural Scientist at the Policy Resea
 rch Group and NudgeTech. With the PRG\, he is currently researching ways i
 n which nudges and boosts can be used to improve financial decision-making
  under uncertainty. With NudgeTech he is creating a smart scheduler that u
 ses behavioural insights and machine learning to schedule people's work da
 ys._ \n
LOCATION:Nick Mackintosch Seminar Room\, Department of Psychology\, Downin
 g Site
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